We're short for now | 11 September 2023

11 September 2023, EUR/USD

We're short for now

EURUSD is currently very bearish. As we can see from the chart above, the market has been dropping impulsively to the downside. We expect the pair to remain bearish at least until next week. This pair is currently in an impulsive phase, and according to the chart, it is forming the impulsive major outer wave 'V.' We anticipate the price dropping, at least down to 1.0605. If you are holding a sell trade now, I highly recommend moving the stop loss to breakeven to lock in profits, as the price is nearly reaching our target.

Trade Recommendations:

We're short for now

Bob Stan
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